In addition to $SUI, I think the most eye-catching thing these days is $DODO——
With a strong layout of MEME and BTCFi assets, can DODO usher in a big rise?
Since the announcement of the rate cut, the market has not seen the expected decline. Instead, ETH’s rebound has triggered strong performance in multiple sectors, especially leading projects:
$SUI continued to rise due to positive news and market recovery, and its style remains strong.
At the same time, DODO, as a star in the DeFi sector, has been rising for four consecutive days, which is obviously a big move. In addition, Binance’s exclusive DODO essay contest has further strengthened its news, which is worthy of everyone’s attention.
1️⃣ What is DODO?
As experienced leeks know, DODO is an old decentralized exchange (DEX) known for its innovative "Active Market Maker (PMM)" model. This model automatically adjusts prices through smart contracts to improve liquidity and price stability.
With the launch of DODOchain in 2024, DODO is expected to become a core exchange on the chain, supported by technologies such as Arbitrum, EigenLayer and AltLayer. DODO also supports multi-chain coin issuance with zero threshold, allowing project parties to easily issue tokens.
2️⃣ DODO’s core highlights
DODO X: A super aggregator and cross-chain trading platform that provides the best prices and high on-chain success rate, with a smooth trading experience.
Anchor pool: locks the price range during large transactions, reduces slippage, and is suitable for stable trading scenarios.
One-click token issuance: lowers the threshold for token issuance, allowing small projects to quickly enter the market.
Autonomous Mining: Provides automated liquidity mining with a low entry threshold.
Cross-chain support: supports multi-chain operations and one-click cross-chain transactions.
3️⃣ The impact of the MEME sector outbreak on DODO
The explosion of MEME coins has focused the attention of the entire market on this track. DODO's Meme platform and one-click coin issuance function will undoubtedly attract more users. Especially in the Meme coin craze, DODO provides a low-threshold creation and trading platform.
Multi-chain coin issuance function: reduces the complexity of cross-chain operations and attracts more project parties and developers.
Meme platform: If successfully built, it will become a gathering place for meme creators and consumers, driving traffic growth.
4️⃣ DODO supports BTCFi and Meme Coin
Anchor pool: Provides transaction stability and attracts more investors to participate.
One-click coin issuance: Provides a convenient way for Meme Coin and BTCFi projects to quickly enter the market.
Autonomous mining: simplify operations, encourage more users to participate, and increase asset liquidity.
5️⃣ Future growth potential
Compared with other DEXs with higher market capitalization, DODO's low market capitalization means greater room for growth. With the launch of DODOchain, the practicality of DODO tokens has been improved, especially in the field of staking. The support of top institutions will bring more technical cooperation and market promotion, further consolidating DODO's competitiveness.
Summarize:
The current driving force behind DODO's growth comes from the explosion of MEME and BTCFi. The low-threshold coin issuance function and the upcoming Meme platform will drive more traffic and user growth, and its future potential is worth looking forward to.
